JBT Marel (JBTM) FY2024 results: revenue $1.7 billion, up 3.1% on the year
JBT Marel Corp. (JBTM) reported revenue of $1.7 billion for fiscal 2024, the year ended 31 December 2024, up 3.1% on the year before. Net income was $85 million, down 85.3%, and diluted earnings per share $2.65. The figures are the company's own, from the 10-K it filed with the SEC on 28 February 2025.
Revenue
$1.7 billion
+3.1% on the year
FY2017FY2024
Operating margin
6.9%
9.9% a year earlier
FY2017FY2024
Net income
$85 million
-85.3% on the year
FY2017FY2024
Diluted EPS
$2.65
-85.4% on the year
FY2017FY2024
this yearthe year beforeHover a bar for its figure.
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Operating cash flow
234
39.6
142
+489.9%
Capital expenditure
37.9
55.1
84.6
-31.2%
Free cash flow
196
-15.5
57.7
Free cash flow margin
11.4%
-0.9%
3.6%
Cash from investing
n/a
n/a
-416
Cash from financing
562
-354
271
Depreciation and amortisation
89.4
91.3
81.1
-2.1%
Share-based compensation
14.7
11.4
8.9
+28.9%
Buybacks
0.0
5.1
7.7
Dividends paid
13.1
12.8
13.1
+2.3%
Dividend per share
$0.40
$0.40
$0.40
0.0%
Diluted shares, weighted
32m
32m
32m
+0.3%
Shares outstanding at period end
32m
32m
32m
+0.2%
Balance sheet
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Shareholders' equity
1,544
1,489
905
+3.7%
Short-term borrowings
n/a
n/a
0.6
Debt
1,252
646
977
+93.7%
Operating lease liabilities
21.7
27.2
29.1
-20.2%
Finance lease liabilities
1.4
1.4
0.9
0.0%
Other liabilities
594
546
728
+8.8%
Total liabilities and equity
3,414
2,710
2,641
+26.0%
Fixed assets
234
248
245
-5.8%
Goodwill
769
780
770
-1.3%
Intangible assets
341
389
430
-12.3%
Investments
n/a
n/a
0.0
Cash and equivalents
1,228
483
71.7
+154.2%
Receivables
240
214
200
+11.8%
Inventory
233
239
264
-2.4%
Other assets
369
357
659
+3.2%
Total assets
3,414
2,710
2,641
+26.0%
10-K for the year ended 31 December 2024, filed 28 February 2025: the filing.